Coach Pros and Cons
Pros:
They have been holding their own in a down economy. Their new lower priced brand is helping them.
Vl likes them
They are a good, solid company with good long term prospects.
MI: Quality is 82.4 (in the blue) PAR is 11.8%
Morningstar likes them
SSG:
graph going up
Growth is steady (had been slow, but it is going up)
Projected future eps:  10%
Projected future sales: 12%
2B is up
In the buy zone
Upside down ratio is 2.2 to 1
Relative value: 91.8 Projected relative value: 83.7
S&P: 5 star rating
Con's:

Morningstar: narrow moat
Expected future earnings and sales are below the 15% that we like.
ssg: 2A is down
They have other competitors in the speciality retail market (e.g. Aerosptole) that are also good stocks. Note: from what I have seen, none of the other companies, although good, outshine Coach.
Prices we bought it at and discussion
We bought it at $33.01 on 6-11-2008 ($32.41 on Stockcharts.com)
We bought it at $46.65 on 10-9-2007 ($44.33 on Stockcharts.com)
Looking at: http://stockcharts.com/charts/performance/perf.html?COH and going back to the two times above when we bought it: Following both of those buy periods, the stock went down (e.g. we bought the stock when it was up, rather than when it was down and heading up). The stock has gone up following those downs, although it went down for a while after we bought it. The stock is going up now.
My recomendations:

I recommend that we hold it. It's at the high end of the buy range.
I would also like to discuss putting a trailing stop order on Coach. See the attached TD Ameritrade information from Lauren re. trailing stop order and stop order. I am thinking that a trailing stop order would be better than a stop order. We will be discussing stop orders at the meeting, and as part of the discussion, I would like to consider/discuss doing a trailing stop order on Coach.
From the ssg, the current price is $39.08. In the last 6 months (stockcharts.com, July 19, 2008), it has gone as low as $33.62. If we were to put a trailing stop order for, say, $2.00 below the current price, if it were to go as low as $35.00 or lower we would already have gotten out and would not lose as much money.